Yacht ownership is one of those things many people dream of and certainly a sign that you’ve made it in the world. But there’s no denying that it is a considered purchase, and not something you buy on a whim. So, how do you know when it’s the right time to buy a yacht? There are a number of factors to account for before you visit the boat dealership.
Do you have free time?
Free time is essential when you own a yacht, yes you can take it out on weekends, but if you’re spending a lot of money, you may want more time at sea than that. Yachts are popular with people who take long summer holidays or are semi-retired, as they have the time to sail at a leisurely pace.
A reputable dealer can help you decide
Boat dealers are good at helping you decide whether a yacht will suit your lifestyle, and they can show you a number of models such as the new San Lorenzo Yacht for sale. Taking a tour around a yacht can be a good way to see whether it’s right for you and can help you ultimately make the decision.
Yacht ownership can help you be more adventurous
If you’ve always loved travel, but find you take the same trips over and over, then yacht ownership can help you be more adventurous. It’s ideal for those looking for alternative holiday ideas, as you can go wherever your fancy takes you and even explore places that are almost impossible to reach by land.
Travelling by yacht allows you to:
- Island hop
- Visit beaches that are less popular due to their remoteness
- Stop for scuba diving or swimming whenever you want
- Avoid packed ferries when visiting islands
You aren’t bound to anyone’s schedule but your own, so can truly feel the freedom.
You’ll need to account for extra costs
Running a yacht can be pricey. And since it’s not just the superrich who own yachts, you’ll no doubt need to come up with a budget to ensure you can afford it.
Not only is there the cost of the yacht, whether it’s upfront or financed, yachts need regular maintenance, dry docking or mooring, and more. In some areas, you may also need a boating licence for safety reasons. Make sure you know what your commitment will be.
On the flip side, owning a yacht means you no longer have to pay the rental costs for one, so if you take a lot of holidays each year, it may work out cheaper to own. It’s also something you can rent out or lend to friends and family, so it can make you money and it can leave you with a lot of grateful loved ones.
Boats are a great way to take you on new adventures. You’ll no doubt love the freedom and adventure it brings into your life, and with your own yacht, there’s no need to book in advance. You can simply get your vessel ready and go.